thursday

Amazon to pay C$1.1 million to settle Canada pricing case

The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on …

More:
Amazon to pay C$1.1 million to settle Canada pricing case

thursday

Samsung Group leader Lee arrives at South Korea prosecution office for questioning

SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

View original here:
Samsung Group leader Lee arrives at South Korea prosecution office for questioning

thursday

Verizon executive says company unsure about Yahoo deal

Yahoo came under renewed scrutiny by federal investigators and lawmakers last month after disclosing the largest known data breach in history, prompting Verizon to demand better terms for its planned purchase. “I can't sit here today and say with confidence one way or another because we still don't know,” Marni Walden, president of product innovation and new businesses at

Read the rest here:
Verizon executive says company unsure about Yahoo deal

thursday

Trump hits Toyota in latest broadside against carmakers and Mexico

U.S. President-elect Donald Trump targeted Toyota Motor Corp on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico. “Toyota Motor said …

Read the rest here:
Trump hits Toyota in latest broadside against carmakers and Mexico

thursday

Baker Hughes-GE talks come after difficult time for both companies

Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were ongoing.

Go here to read the rest:
Baker Hughes-GE talks come after difficult time for both companies

thursday

Bank Hapoalim warns on profits due to U.S. tax probe

Bank Hapoalim , Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results. The…

View original here: 
Bank Hapoalim warns on profits due to U.S. tax probe

thursday

Wal-Mart’s next move against Amazon: More warehouses, faster shipping

By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail. The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of…

Here is the original:
Wal-Mart’s next move against Amazon: More warehouses, faster shipping

thursday

Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month

See more here:
Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

thursday

St. Jude says report by short sellers ‘false and misleading’

The report, which caused St. Jude shares to fall 5 percent after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring implanted heart devices. St. Jude chief technology officer Phil Ebeling on Thursday said “the allegations are absolutely untrue” but provided no specific examples of errors. St. Jude on Friday said most of the observations in the report applied to older versions of its Merlin@home devices, which had not been patched with security upgrades that the company automatically pushes out to customers…

Read the original here: 
St. Jude says report by short sellers ‘false and misleading’

thursday

Federal Reserve under growing pressure to reform system, goals

The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. At this year's flagship economic policy conference, from Aug. 25 to 27, U.S policymakers will confer not only with their counterparts from around the world but also host…

Read the rest here: 
Federal Reserve under growing pressure to reform system, goals

Next Page »